DXY Descending Broadening Wedge
Updated
If we can see vix stay above 26, the major market's in the U.S. will continue it's downside correction from the weekly rejection of the asending trend line for the SPX, this could break to the upside pushing EUR/USD down significantly, possibly 300-400 pips this week should the market fall. I am weary though and will be entering the week with caution, as advance/decline ratios from last Fridays floor ticket showed a mostly confident investor that took profits. I however, am in favor of an upside break, however the dollar needs to continue it's debasement to achieve normal fundamentals implicated by the FED.
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